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Savings Calculator

Figure out how to save for something over a given period of time based on an initial investment plus a fixed monthly addition. The calculator compounds monthly and assumes deposits are made at the beginning of each month. Also, enter the interest rate you expect to earn.

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If you are unsure about interest rates, here are several approximations
Traditional savings account = 1%
High-yield savings account = 3 to 4%

CD rates run between 5% and 6%
Stocks return an average of 10%

Input   Results
Initial
Investment
Monthly
Addition
Interest
Rate
Number of
Years
Future
Value
Interest
Earned

 



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